Chairman, Technical Committee of the National Council on Privatisation (NCP), Mr. Atedo Peterside
The Federal Government is expected to realise close to N400 billion from the divestment of 60 per cent equity in the 18 successor companies created from the unbundling of the Power Holding Company of Nigeria (PHCN), Chairman, Technical Committee of the National Council on Privatisation (NCP), Mr. Atedo Peterside, has said.
It also emerged Monday that Southern Electricity Distribution Company Ltd, one of the contenders for the Benin Distribution Company (Disco), submitted multiple commercial bids for the same disco, in clear violation of the Request for Proposals (RFPs) provided by the Bureau of Public Enterprises (BPE) to all bidders.
Making the disclosure at a press conference in Lagos Monday to refute allegations of corruption in the bid process made by Edo, Ekiti, Delta and Ondo State governors, Peterside said it was regrettable that such a damaging allegation was being made at a time when the nation was undertaking its largest and most complex privatisation transaction ever.
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